Tom Adams wrote:
> I am really just thinking of a world where we all feel sure that we
> are eventually going to pay the price for our GHG pollution whatever
> that price may be, that we are liable for our actions. Most of us act
> as if others will bear the cost, and that does seem to be a good
> prediction at this point. What if we each had to insure the
> estimated cost now? Just that might cause appropriate adaptation.
In economics those are called "external costs." Evaluating external
costs is notoriously difficult, and often turns into a game where the
best liar wins.
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